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M&A: Seller's Counsel

Shearman & Sterling Advises Shareholders on Sale of MeinAuto GmbH

15 Jan 2018

Shearman & Sterling advised the previous shareholders of MeinAuto GmbH, including Holtzbrinck Ventures GmbH, Global Founders Capital GmbH & Co., Beteiligungs KG Nr. 1, Vorwerk Direct Selling Ventures GmbH and Herrn Nicolas Leutwiler, on the sale of their shares to the U.K. investment firm HgCapital.

The online platform MeinAuto.de is Germany’s leading online website for new car sales. MeinAuto, founded in 2007, is headquartered in Cologne, Germany. The company has over 16 million visitors per year and is connected to more than 9,000 car dealers.

Milbank Advises Schoeller on the Partnering with Brookfield

15 Jan 2018

The international law firm Milbank, Tweed, Hadley & McCloy LLP is advising Schoeller Industries, Amsterdam/Pullach, the holding company owned by the Schoeller family and the founding shareholder in Schoeller Allibert Group, in connection with the sale of the stake held by its co-shareholder, J.P. Morgan, to Brookfield Business Partners L.P. and the partnering between Schoeller and Brookfield. The Schoeller family has agreed to contribute further business interests to Schoeller Allibert.

CMS advises Cocomore AG on sale of Kairion to ProSiebenSat.1

15 Jan 2018

Cologne – Marketing and IT agency Cocomore AG has sold its e-commerce subsidiary Kairion to the ProSiebenSat.1 media group.

A CMS team headed by Dr Richard Mayer-Uellner advised Cocomore on the legal aspects of the transaction.

Kairion will become part of Advertising Platform Solutions, which brings together all of ProSiebenSat.1’s ad-tech activities. The transaction has already been completed. The purchase price was not disclosed.

Taylor Wessing advises sell side on Ettlinger-Group sale to Dover Corporation

11 Jan 2018

New York Stock Exchange listed Dover Corporation acquires Ettlinger Kunststoffmaschinen GmbH and its affiliated entities in Germany and in the US. Ettlinger will become part of Dover’s Swiss business unit Maag Pump & Filtration Systems. Taylor Wessing has been advising the owners as seller in this transaction. Ettlinger manufactures and distributes filtering solutions for the plastics industry and plastics recycling industry as well as injection molding machinery.

Shoosmiths advises on management buy-out of renowned £70m-a-year services group

11 Jan 2018

Shoosmiths has advised on the management buy-out (MBO) of The Quarr Group, a leading provider of building maintenance and construction, contract cleaning and contract catering.

The Quarr Group has been acquired by its management team, who included Brian Warren, Nelson Williams and Simon Ingram; the Managing Directors of the Quarr Group's subsidiaries: Nviro, Pabulum and Mountjoy, respectively.

Bryan Cave Advises on Sale of Substantial Participation in Software Company JobRouter to Main Capital

11 Jan 2018

A Bryan Cave M&A and private equity team, led by Frankfurt Office Managing Partner Tobias Fenck, recently advised a majority shareholder of JobRouter AG, headquartered in Mannheim, Germany, on the sale of a majority participation to the private equity company Main Capital. The new investor provides the company new growth capital. The goal of the investment is the development of the business model for BPM and document management, international expansion as well as strategic add-on acquisitions.